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38310 Westchester Rd, Sterling Heights, MI 48310

3 beds • 3 baths • 3500 sqft

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This property looks like a bad Airbnb investment with a projected -3.47% first-year return on $103k initial cash invested.

-3.47%

Cash On Cash

5.56%

Cap Rate

0.94

DSCR

$4,367

Rent

-$298

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$406k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$81,120

Closing costs

1%

$4,056

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,367

Total Expenses

$4,665

Mortgage P&I

46%

$2,003

Property Taxes

9%

$411

Home Insurance

4%

$154

HOA

0%

$0

Property Management

15%

$655

CapEx

4%

$175

Vacancy

0%

$0

Maintenance

4%

$175

Other

25%

$1,092

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